On the monetary front, Trump’s public feud with Powell continues to escalate, with the president blaming the Fed for slowing economic momentum. The White House is now scrutinizing the central bank’s massive building renovation, citing cost overruns and questioning whether the Fed, which controls its own budget, is exceeding its authority.

The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and bonds.

Is the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign. President Trump, of course, is on

Jerome Powell has agreed to step down as chair of the Federal Reserve following relentless attacks from President Trump and his inner circle, according to a statement released by Billy Pulte, the current head of the U.